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Mikhail Makarov Executives from the three largest pharmacy benefit managers in the U.S., OptumRx, CVS Caremark, and Express Scripts, will testify before the House Oversight Committee on July 23, Axios reported Tuesday evening, citing the panel. Jessica Collins, a spokesperson for the Oversight Committee, confirmed that all three PBMs haveContinue Reading

da-kuk/E+ via Getty Images Sales growth for AI-related megacap stocks is expected to have cooled in Q2 and continue that trend through the end of the year. According to consensus forecasts, Nvidia (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), Meta (NASDAQ:META), Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) will see a slowdown in sales growth,Continue Reading

hapabapa Microsoft’s (NASDAQ:MSFT) multi-billion dollar investment into generative artificial intelligence company OpenAI may face additional scrutiny from the European Union’s antitrust chief over its use of Microsoft’s cloud technology, Bloomberg reported. Microsoft shares were fractionally higher in on Friday. Margrethe Vestager, the Executive Vice President of the European Commission, isContinue Reading

Arkadiusz Warguła Arkansas Attorney General Tim Griffin has filed a lawsuit against pharmacy benefits managers Optum and Express Scripts, owned by Cigna (NYSE:CI) and UnitedHealth (NYSE:UNH), over their alleged role in the state’s opioid crisis. The lawsuit filed in the Pulaski County Circuit Court argued that the companies knowingly contributedContinue Reading